every post in the forum, newest first
The Fannie Mae change that lets a borrower count ADU rent toward qualifying income on a one unit house, up to 30 percent, confuses a lot of house hackers. Take a buyer planning a…
Take a 1974 ranch, 1,480 square feet, asking 389k, with a detached garage that was converted at some point into a studio with a kitchenette, a three-quarter bath, its own entrance…
I've got about $9,000 set aside and no shot at a conventional mortgage for another year or two, so I've been reading up on lease options instead of just refreshing listings. What…
Take a four unit, bought at 415k, with 90k put into it, all four units now leased at market. Two offers come in, both bank contingent, both wobbly on appraisal because there isn't…
Picture an owner winding down a small service business who also owns the building it runs out of and is thinking about carrying paper for the buyer. The accountant calls that an i…
I do fast flips with thin margins and I want to add this as a lead source, but every course I look at wants four figures before I've seen a single address. What's the real cost of…
Here is a scenario worth working through. Say an investor pays 40 dollars a month for a tool that emails new notice of default filings in four rural counties they know well. Last…
A small acquisitions operation buying single family homes in two metros spent 186,400 dollars in media plus 78,000 dollars in agency retainer over twelve months, with monthly chan…
I sat in on a walkthrough of a 3.1M gut where the designer was on a percentage of construction cost and had sign-off authority over the GC's submittals. Two days later I read a sc…
Picture a co-host running nine short-term units for six owners, all listed on one platform only, everything held together with the app, a shared calendar, a cleaner group chat, an…
A loss pattern worth studying because it repeats. Picture a buyer who spends fourteen months with three fourplexes under contract and closes none. Costs: $1,900 on the first inclu…
An investor who does not want to run a building day to day should price management before pricing buildings. Every article says 8 to 10 percent of collected rent. Quote a hypothet…
Two deals worth comparing at the same equity check size. Deal A: 176 units, 1985 vintage, garden style, inner-ring suburb of a midwest metro. $118k a door. Rents about $310 under…
Working through a deal a mentor sent me so I can see how the bigger end underwrites. 300 units, 2016 vintage, secondary Sun Belt market. Ask is $72m, so $240k a door. The sponsor'…
Most mezzanine loan summaries list conversion to equity among the protections. If the sponsor stops paying, the mezz lender can take the sponsor's seat by stepping into the equity…
Take a finished spec, listed at 469, three weeks in with decent traffic and no offer. The builder's agent wants to advertise a permanent buydown, roughly 12k of points to the buye…
Under contract on a 12 bedroom licensed boarding house in an older inner ring suburb. Purchase 690k, seller carry of 480k at 7.25% interest only for 4 years, balloon. I've got 210…
I've sat through three planning commission meetings in two counties where someone proposed a rooming house or a conversion to rooms. Every applicant led with the affordability cas…
Take a 1972 walk-up, 12 units, about a mile from a flagship university that's added enrollment every year for a decade. Two bedroom, one bath units, 880 square feet, renting at $1…
Agent walked me through a 4 bedroom near a state school, rented by the bed, and the lease he showed me runs August 18 to May 22. So on paper that's nine months of rent and three m…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
